CNXENERGY trade ideas
Nifty Energy (Weekly)Nifty Energy(Weekly):
1. The sector is currently in uptrend making Low, High, Higher Low and Higher high
2. Also, its taking support at trendline
3. And, another support comes at horizontal levels of 25511
4. Any closing below 25511 will change the structure of the trend
Thoughts Please?
Nifty Energy Index with stock analysis !!Nifty Energy: The index in continuous uptrend, retrenchment will give an opportunity to accumulate stock as mentioned below.
RELIANCE: The low of 18-04-22 weekly bullish candle i.e. Rs 2500 will be a critical level. Any reversal candle the same level will be opportunity to accumulate, otherwise simply avoid.
TATAPOWER: Since Jun’20, the price has not violated the 20 EMA in weekly chart. The stock in range bound (Rs 200 – 300) from past 7 months, the level of Rs 220 will be a key level and opportunity for accumulation.
NTPC: Bullish setup, the price broke the multiyear resistance level with rising volume and currently at retest level. Go long above Rs 162 with Stop Loss of Rs 145.
POWERGRID: The continuously uptrend in parallel channel and EMA 20 acting as key crucial support since Oct’20, accumulate at resistance breakout or at support level.
Thanks
Go Short on Nifty Energy StocksNifty Energy is forming inverted Pole and Flag pattern on 15min timeframe, once the lower trendline of the flag is broken, this could go down till 28000
Keep a watch on this index
Please like and comment if you agree with the idea!
NIFTY ENERGY leading NIFTY 500 benchmarkNIFTY ENERGY is leading NIFTY 500 benchmark. Breakout from a small consolidation seen in the week of 28 March 2022. Good sector to pick names like TATA POWER, Adani green, Reliance, Powergrid and NTPC as these have momentum.
NIFTY ENERGY SECTOR...NIFTY ENERGY SECTOR... formed the cupn handle and still there is some room for the targets...can take positions is energy sector stocks.
On_a_verge_of_a_BreakOutNifty Energy weekly chart shows that the index has formed a Cup and handle pattern and looking at the ratio chart of Nifty Energy viz. Nifty, in monthly TF one can see the ratio chart has given a fresh breakout and retest.
Nifty Energy index wee placed for a breakout and outperformance going forward
Ratio chart: NSE:CNXENERGY/NSE:NIFTY*100
Disclaimer: Educational view
NEW 52 WEEK HIGH SECTORThis is daily chart of energy sector i can see the clearly big move from here
but we can focus the level of 25419 if this level breach with strong green candle then we can clearly see the big rally in energy stocks dosto
keep eye in energy and metal sector dosto ...
NIFTY ENERGY INDEX on the verge of ATH breakoutNIFTY ENERGY is on the verge of ATH breakout. Outperforming Nifty 50 index also from Mid jan'22. Seems power sector related stocks will do well in coming 1-2 months. Ongoing summer season will also increase the demand for power.
NIFTY ENGERGY ANALYSIS MONTHLY WEEKLY DAILYNifty Energy cooking something delicious dinner. Some stocks also behave like this. Keep eyes its Stocks to get more gain. Happy Investing & trading.
Nifty Energy, Bearish Nifty energy is under the control of the bear.
If the market is a gap down, then the selling will be triggered
So keep watch on energy stocks
Tata power
Adani green
IOC
Ntpc
Power grid
IEX
CNX EnergyAs you can see price is near recent high but strength is not same, daily chart also shows weakness so may be in coming session this sector retrace..whats your point view about this comments below
CNXENERGY BREAKOUT-energy stock bullishThe energy sector of our market seems to have given a breakout, it has been in a consolidation for a while now and has shown a healthy correction of 50% according to fib retracement.
The pattern it formed was an ideal flag and pole pattern which is a pattern that gives a good momentum when its broken and gives a rally of equal to it's last rally.
The RSI stands at 58 and is indicating bullishness.
MACD is above the signal line.
I believe it's a good opportunity to go long on energy stocks
Below I have posted some charts of the energy sector stocks, do have a look at them, these charts are not provided to take trades on them but just to get a better understanding of cnxenergy.
Tatapower:
Jswenergy:
Powergrid:
Adanigreen:
NIFTY ENERGY - SUPPORT1. Nifty Energy index looking good for long as the price took support at EMA 20 on weekly time frame.
2. Found good setups in Reliance, IOC..
Nifty EnergyGood long pole formation and after that long parallel channel run up with a bullish Breakout
since it has already given follow through BO to the BO so I am hopeful to reach resistance zone before it slow down.
however that's not the end of bulls. BO above that is going to be great.
Nifty energy index broken outNifty energy index broken out invest in energy stocks Nifty energy index broken out invest in energy stocks
Nifty Energy forming Pole and Flag pattern on Daily ChartThought the market is in Bearish mode, nifty energy only index seems Bullish on a longer run, forming pole and flag pattern on daily time frame, once the upper trendline is broken there is no stopping of this index
Trading Near Support!Trading Near Support and comparatively looking in better shape, until TL support is intact.
Energy sector: Retracement after massive boomEnergy sector has grown crazy last few weeks after the news of power shortage, time to relax a little bit. A dark cloud cover pattern on weekly tf, this can bring the index a little more down before it move forward
BUY BUY BUY (Sector Update)@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
NIFTY ENERGY SECTOR Headed for a great upmove.NIFTY ENERGY SECTOR is forming and inverted head and shoulder pattern. The sector has broken out on weekly TF. The stocks in this space can move great over the next few weeks.
Your SL in this sector would breaking of right shoulder low.
Look for stocks like Tata Power, Adani Power, GAIL, BPCL expect a good run up in these stocks.
Nifty Energy - Next Big Theme ???Nifty Energy to outperform Nifty in coming days.
Both Long term and short term trend became bullish.
Very positive changes are happening in this
sector and
Charts are looking bullish .... : :)
Few stocks to track in this segment are
Power grid
Tata power
Ntpc
Coal India
PFC,REC,PTC...
